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Let's Retire F1's Bernie and Max Before it's Too Late

If ever we needed reasons to get rid of the two clowns who are running, and just about destroying F1, Bernie Ecclestone and Max Mosely continue to offer disgusting opportunities. First, Max gets caught with his pants down, playing Nazi sex games with paid floozies. Then Bernie reveals to a Daily...

Supply chain video: If you want to re-negotiate the terms with suppliers, the moment is now!

If you're looking for cost reduction or get better prices in your supply base, the moment is now. This is the main message in this part of the presentation by Professor Rob Hanfield. Typcally the options which company have in front of them include the following: - Discuss the payment terms - O...

Will California drag down the United States?

California has entered the new financial year in crisis with a budget deficit of $26.3 billion, up from $24.3 billion, because of the ineptitude of the legislature in missing a deadline and political incompetence of Governor Arnold Schwarzenegger. The state has an unemployment rate of 11.5%, hig...

Supply chain video: Preparing for the worst, managing supplier risk in the downturn (Part 2)

This is the second part of the video presentation from Professor Rob Handfield in the PMMS Leadership in Procurement from the 2009 on supply chain risks in this economic downturn. In this part, he highlights that a charactaristic of high performance in not simply laying off people and go for radical...

Supply chain video: Preparing for the worst, managing supplier risk in the downturn (Part 1)

PMMS Leadership in Procurement: A Global Perspective in Troubled Times was an event organized some while ago in Montreal Canada. Since there are some interesting videos from the presentations in this event on the subject of supply chain management and risk reduction in general, I decided to share so...

July 8: China Cleantech Business Forum

... is a growing industry focus for venture capital and development funds: Despite the current credit crisis, overall fundraising for cleantech has remained steady in 2008, with 29 funds raising a total ...

Is plain vanilla the right goal?

As part of his efforts to protect consumers, and keep the country from suffering another wave of foreclosures, Pres. Barack Obama has called for the creation of a new consumer protection agency. The agency would have dominion over mortgage lenders. And as part of their new rules, mortgage lende...

Beware the China bubble

...ing to happen. And it will affect all of us. Fitch warns: "With much of the world immersed in crisis, China appears to be one of the few countries where the financial system continues to functio...

Pensioners kidnap and torture their investment adviser

Working as an investment adviser these days is dangerous. You risk incurring the wrath of financial crisis victims. And it doesn't matter how old they are either. Here's an extraordinary story about a financial adviser who was kidnapped and tortured by angry pensioners after he had lo...

3rd Party Blog

• 3rd Party Blog • The Story Of Twitter In Picture Form • 到底是 iPhone 3G S 还是 iPhone 3GS • Top 12 Important Social Media Stories This Week • ActivityBrain • 红鼎创投只是刘晓人借钱的一个招牌 • 科学家发现艾滋病病毒人体内藏身之地 • 新华社电视：开心网"粉丝"6天过2万 • Munster: Apple sold 750,000 iPhones last weekend • Inve...

Royal Caribbean Cruises Ltd. mit „Clean Sea Award“ ausgezeichnet

© tomsaint11 Es gibt einmal mehr einen Grund, Stolz zu sein. In diesem Fall handelt es sich jedoch nicht um ein neues, bahnbrechendes Schiff der Reederei sondern um einen ganz spezielle Auszeichnung, mit der die Royal Caribbean Cruises Ltd. bedacht wurde. Die Rede ist vom "Clean Sea Awar...

Bankers' pay soars despite crisis

...rdinary income earners and for those who have lost their jobs because of the bank-induced financial crisis, it beggars belief. The banks would argue that it's all about holding on to talent. But i...

Airline crisis strategy: screw customers and staff

Earlier this month, I did a blog entry looking at how the airline business was going to the dogs. The combination of the global financial crunch and swine flu will cost them at least $9 billion this year. So what's their answer? Screw passengers and staff. First, we have the report th...

Mafia cashes in on crisis

Fascinating story in the Financial Times about how the Mafia has been cashing in on the financial crisis with two apparently "Japanese" men bringing $134 billion worth of fake Treasury bills into Switzerland. The men were questioned by Italian police who subsequently let them go. Sur...

A new wave of mortgage foreclosures on the way?

I'd like to think that we've seen the worst of the foreclosure crisis. I'd like to think that we'll be seeing fewer homes fall into foreclosure, and fewer homeowners missing their mortgage payments. I'd like to think all that. Unfortunately, I can't. What I really think is ...

Does Obama's patchwork overhaul go far enough?

President Obama has announced the most sweeping reforms of the financial services in 70 years. The reforms are to be applauded and are long overdue. But are they enough? Can they be undone or jettisoned? Will they stick? I have two problems with the changes. First, they do nothing to stop the...

The slow recovery

So the International Monetary Fund has given the US economy, and by implication the Obama administration, a big tick of sorts in its latest report . The IMF projects that the economy will contract 2.5% in 2009 but grow by a modest 0.75% in 2010. It's not huge but at least it's headed in...

How'd the mortgage meltdown happen? NPR knows

One of the problems with the mortgage mess that is still slowing the nation's economic recovery is that so few of us regular homeowners understand how everything went so bad so fast. I mean, I cover this stuff for a living, and it confuses the heck out of me, too. You can't rely on the main...

Subprime and racism

One of the things that has disturbed me the most about the subprime crisis is the impact it's had on the African American and Hispanic communities, and the way banks had targeted these people for predatory and toxic loans. As Melvin Oliver and Thomas Shapiro wrote in The American Prospect ...

Banks fight to keep accounting tricks

US accounting standard setters might be tightening the rules for banks, forcing them to take off balance sheet toxic vehicles on to their books but don't expect the banks to take that lying down. Up until now, the banks had kept assets and liabilities including mortgages and credit-card re...

Mortgage giant Mozilo charged with fraud

I'm always amazed that so many people pin the blame for our nation's current housing crisis on homeowners facing foreclosures. Yes, some of these homeowners — but not nearly all of them — were greedy, and tried to buy too much home for their income levels. But if you want to pinp...

Renewable energy and the recession

Will the clean energy sector emerge from the recession faster than other industries? That seems to be the suggestion in the latest REN21 Renewables Global Status Report . Despite the worst economic crisis since the Great Depression, grid-connected solar PV grew by an astonishing 70% and wind p...

Self Foot Examination Against Needless Diabetic Amputations

© frankenstoen With nearly 25 million Americans already diagnosed, America is in the throes of a diabetes epidemic that's quickly gaining in momentum. According to the Centers for Disease Control, one out of every three children will develop diabetes sometime in their life. The prognosis i...

What next for GM?

The big question now is how General Motors will emerge out of this bankruptcy? And what lies ahead for what was once the world's biggest car manufacturer? As Dennis Berman at The Wall Street Journal points out, the $65 billion in taxpayers' money is all part of the subterfuge. Instead...

Blame the recession on Reagan: Paul Krugman

Some fascinating comments from Nobel Prize winning economist Paul Krugman blaming America's economic woes on Ronald Reagan. Basically, Krugman says deregulation, the piling up of debt and the scrapping of financially prudent rules like for example limiting the ability of families to buy h...

New MBAs claim they'll be ethical. Yeah right!

Interesting piece in the New York Times about future business leaders claiming they will be more ethical. According to the piece, about one out of five of the Harvard Business School graduating class have signed "The MBA Oath" pledging to serve the greater good and refrain from advan...

More housing woes

There's been plenty of talk lately about the US housing market bottoming out and that it can only go up from there. But people are clutching at straws. A good example is the paltry 0.3% increase in home purchases in the US. "We'll take the improvement in the new-home market as a sig...

China's today national distribution capabilities

CHaINA web magazine has recently done a Q&A with Jean Pierre Chesse , the founder and CEO of Sinodis, a food importer and cold chain lo-gistics service provider in China. I went through the piece and even though the interview was more around cold chain in China, there were some interesting ...

Economists predict recession ends this year. As if!

So economists are predicting the recession will end this year. They reckon the housing market will bottom out and they don't see the recession lasting longer than the first quarter of 2010. Still, they're hedging their bets, saying the recovery will be slow and painful. It's hard ...

Loan modifications not always helping homeowners

It's clear that the Obama administration wants to see fewer housing foreclosures. That makes sense: Housing foreclosures help no one. The banks certainly don't want these homes back. Foreclosures devastate families. And they weaken neighborhoods. Problem is, a key tenant of the administrati...

Krugman, Soros and Roubini: how to fix the crisis

...;We have in the past been as high as 100 percent of GDP at the end of World War II without having a crisis, but your ability to go that high does depend upon people's belief that you will behave r...

Early retirement soars, but who is going to pay?

An alarming Los Angeles Times report that the US Social Security system is reporting a major surge in early retirement claims from laid off workers. It's up 25% ahead of last year. Clearly, laid-off workers are claiming Social Security early. Despite reduced benefits, they need to do it be...

Sony to reduce the number of suppliers to half

In a short piece from Kenji Hall written in BusinessWeek , he talks about the recent plans of Sony, giant Japanese electronics company, to cut supply chain costs. According to Kenji, the tech giant has about 2,500 suppliers, but will reduce that number to 1,200 by March 2011. This effort in t...

Britain to lose AAA rating, US is next

With Britain set to lose its AAA credit rating , there are fears that the United States could go the same way. Bill Gross, the co-chief investment officer of Pacific Investment Management Co. has told Bloomberg that the US is likely to suffer the same fate as its budget deficit keeps growin...

The recession: blaming the business schools

How much are business schools to blame for the recession? Writing in The Times , Phillip Delves Broughton says MBA should actually stand for Master of the Business Apocalypse. Broughton writes: "Harvard Business School alumni include Stan O'Neal and John Thain, the last two heads of ...

Cashing in on the disgust with banks

Last week, I did a blog entry looking at how banks were going to face more intense competition in the wash-up from this financial crisis. To put it bluntly, banks will be losing market share to such forces as peer-to-peer lending, Islamic finance, boutique advisory firms and retailers setting ...

The problem with economists

Bankers have deservedly received much of the blame for the financial bloodbath that's paralysed governments and transformed societies. But economists are just as much to blame. Possibly even more because so many of the financial models were based on the work of economists. What's more, t...

Corporate social responsibility and recession

...e companies, it compared the stock price on February 11, 2008, before the worst of the economic crisis, and 12 months later, on February 10, 2009. Then, for each of those two groups of 25, it calc...

Supply chain video: Supply risks for airlines

I came across this video from Ariba event where Joseph Gigliotti, Manager of Supply Chain System and Strategy at jetBlue, shares his thoughts on the top 3 supply risks in his industry. In Jeseph's point of view, the top risks include: 1) Price of fuel which is fluctuating (was going down but s...

Financial crisis winners to hurt banks

Who are the big winners coming out of this financial crisis? And how will they threaten to destroy banks? The Economist identifies four big winners that will decimate the banking sector. These include the advisory boutiques which are cashing in on the banks destroying their reputations and da...

Looking to buy? Your mortgage loan might be smaller than ever

...d qualifying for a mortgage loan today is more difficult, as lenders, stung by the subprime lending crisis, are doing everything they can to avoid passing out mortgage money to borrowers who may not b...

Downturn easing without recovery

...d that the financial crisis is easing. He predicts that Asia will be the first to emerge out of the crisis, and that China will overtake the United States as the world's growth engine. Nobel Laur...

A Hippocratic oath for managers

The global crisis is as much a failure of ethics as it is of finance. Business at the end of the day has to serve society which gives it its licence to operate. Creating virtual products as they did in financial markets wasn't serving anyone. Neither was flogging subprime packages to people ...

Financial crisis worse than the 1930s?

Is this crisis shaping up as worse than what we saw in the 1930s. There are some claims that this might be the case. In Britain, the National Institute of Economic and Social Research has forecast that GDP in the UK could GDP could fall more this year than in 1931. "The pace of decline ...

SOX and complacency

...tion from Georgetown University law professor Ethan S Burger in this piece Today's Financial Crisis, Corporate Governance, and the Issue of Third-Party Liability . The problem, he says, is tha...

Animal Spirits by George Akerlof and Robert Shiller

... from the Latin word "fido" which means "I trust". And while we are in a credit crisis, it is worth remembering that the word "credit" is derived from the Latin word &quo...

Google Likes To Steal Other's Thunder

• Google Likes To Steal Other's Thunder • Quicken Online strikes back at upstarts with iPhone app • SKOUT - Matches | location-based mobile dating • Glearch: 3x the global search • Malaria No More | Ending Malaria Deaths • Private pensions and policy responses to the crisis • Sony&#...

Coming soon: A new, smarter Google News?

• Coming soon: A new, smarter Google News? • Home Office 'colluded with Phorm' • moot wins, Time Inc. loses • TrueCar • Microsoft Vine is Twitter for Emergencies • Firefox 3.5 Beta 4 Now Available • comScore Releases 2009 Online Auto Insurance Report • Facebook, Firefox, Twitt...

HP拟1亿美元新建科罗拉多州数据中心

• 惠普拟1亿美元新建科罗拉多州数据中心 • Inside Steve Jobs' tear-down mansion • Apple's Mark Papermaster finally ready for work • Eric Schmidt on Google's New Plan for the News • Public Booted from DVD Copying Trial Over 'Secret' CSS Code • Amazon Acquires Stanza, an E-Book Application ...

Supply chain consultants introduce new inventory reduction analytic tool

Supply Chain Consultants announced last week a new inventory management module for its Zemeter family of supply chain management software tools. Reducing inventories and conserving working capital is the number one issue in the supply chain today. According to Business Wire , Supply Chain C...

Pandemic preparation in the IT department

© The Pug Father It's too early to say whether or not the swine flu will rise to pandemic proportions; so far, as is their wont, news media seem to be blowing the disease all out of proportion and public health agencies have reacted defensively so as to avoid any accusations of under-reac...

Swatch Watches

Swiss Designer Watches In the mid-seventies, the Swiss watch industry was in the midst of its worst crisis ever. The Japanese competition had been outclassed in 1979 with the launch of the Delirium, the world's thinnest wristwatch with a limited number of components. But the event that marked...

Big bonuses at imploding banks

The banks are imploding but that hasn't stopped the bankers raking in massive bonuses. Just what they're being rewarded for is anyone's guess. The New York Times reports that six of the biggest banks set aside over $36 billion in the first quarter to pay their employees. This is s...

Are economists to blame for the financial crisis?

How much are economists to blame for the financial crisis? Most of them, with perhaps the exception of Nouriel Roubini and Robert Shiller, failed to see the weaknesses in financial markets. They just didn't see it coming. It's hard to go past this piece in the Weekly Standard by Harvey...

Another sucker's rally

Should we read anything into the gyrations of the Dow Jones industrial average? Should we take heart when the market starts trading higher? If the experts are right, it's just a sucker's rally. As Dr Doom, Nouriel Roubini told Steve Forbes in this interview , the extent of the contract...

Cardboard coffins and green funerals

For the environmentalist who has everything. Back-to-Earth burials, low- energy, low-emission cremations, cardboard coffins and back-to-Earth burials and scattering cremated remains in state parks are now all the rage and the market is growing. Bloomberg reports that they are now even introdu...

Hope, greed, fear and the financial crisis

Interesting piece from Wharton on the psychology behind the financial crisis. It makes the point that the crisis was underpinned by a mix of optimism and delusion, which created the bubble in the first place. And it makes the point that people are now so traumatized that they have become risk...

Is the US becoming like Russia?

Is the United States becoming like Russia? Yes, that's the case says MIT management professor Simon Johnson. His piece in the Atlantic Monthly argues that the finance industry has effectively captured the US government. "Wall Street is a very seductive place, imbued with an air of po...

IPOs: don't blame Sarbox

Extraordinary that the debate about the impact of Sarbanes Oxley on IPOs still continues almost seven years after it was introduced. Particularly in this economic climate. Last week, The Wall Street Journal was raising concerns about the Obama administration's plans to regulate venture ca...

Mitsubishi defies crunch, releases a monster!

Mitsubishi obviously don't understand that the world is in a state of economic crisis; as they have just released a rather mad 82" LCD, costing almost $5000. It's not just big, it has some rather big features too; full 3D support, for whenever (if ever) 3D actually becomes somethin...

The new consumer

...le, people turn tribal. Now the Financial Times tells us that a new shopper is emerging from the crisis, one that embraces quality and value, not quantity. Now it's all about "voluntary si...

The Panic of 2008-09

The financial crisis is more than just a global recession. It's a Panic, according to Kevin Warsh , a member of the Board of Governors of the Federal Reserve System. In a speech to the Council of Institutional Investors, Warsh compares the conditions to the Panics of 1837, 1857, 1873, 18...

G20 and FASB: the banks win again

British Prime Minister Gordon Brown might proclaim the G20 summit as the beginning of a "new world order" but the reality is the financial crisis will be around for some time yet. Don't get too worked up about markets' celebrating the trillion dollar G20 deal. It's a suck...

Training institutions launch low cost supply chain education programs

The crisis hasn't had negative effects only on the companies and normal people. Academic institutions are also affected, especially the ones which have focused a lot on executive or professional education. Therefore it's not surprising to see marketing innovations in professional educa...

A cool example of sustainable development in Africa

...AE are helping Rwanda's tourism's industry flourish. even though the country is affected by crisis, it has made significant profit compared to the country's size during the last 15 years. ...

Getting the recession right

I've spent my share of time haranguing all the companies out there who are busily and arbitrarily slashing costs and headcounts in response to the financial crisis; now it's time to acknowledge one that has by and large gotten it right: Hewlett-Packard. I've already mentioned my ap...

Unemployment to soar: bleak times ahead

If anyone thinks recovery is just around the corner, they should read this speech from OECD Secretary-General Angel Gurría. He paints a very grim picture. With trade flows expected to fall by 9% in 2009 and foreign direct investment inflows to further contract, after shrinking by about 20% in...

RFID in times of recession

Global meltdown has cast its ominous shadows on almost every sector around the globe and how could the RFID industry stay untouched. On the whole the projected growth rates of the industry are not expected to match the previous year figures. Certain sections of the industry feel that even tho...

A good crisis for George Soros

George Soros is having a very good crisis. When the wheels started coming off in 2007, Soros came out of semi-retirement and took back control of his Quantum investment fund. By year's end, Quantum was up almost 32%, delivering Soros profits of $US2.9 billion. His fortune of $11 billion is n...

New directions on the IFRS roadmap

...g it's vague and there are too many inconsistencies. But the real reason would be the financial crisis, something the bean counters seem to acknowledge. "It would be reasonable to conclude th...